Thailand-based SCB 10X Has Pumped $10 Million into The Crypto Custody Platform RakkaR Digital
Thailand-based SCB 10X, the corporate venture capital arm of the SCBX Group, has pumped $10 million into the crypto custody platform RakkaR Digital in a seed funding round.Fireblocks assisted the TRX and all TRC20-based tokens of the TRON DAO blockchain, as TheCoinRise reported.RakkaR will also introduce its own mobile application next year.
Government issues Policy Statement on development of Virtual Assets in Hong Kong
The Government today (October 31) issues a policy statement on the development of Virtual Assets (VA) in Hong Kong. The statement sets out the Government's policy stance and approach towards developing a vibrant sector and ecosystem for VA in Hong Kong. The following topics are covered in the statement:
Over 70% of Bitcoin Millionaires were Wiped out Over Three Quarters in 2022
Since the start of the year, the cryptocurrency market has lost almost $1 trillion in market cap due to the downward pressure imposed on it, culminating in a run of bankruptcies involving crypto hedge funds and lenders, including Celsius Network, Voyager Digital, and Three Arrows Capital, and the scaling back of operations at firms like Blockchain.com and Coinbase.
Elon Musk could bring more crypto into Twitter
According to Bloomberg, a Musk “super app” expanding Twitter into messaging, games, payments and more may be in the cards, and digital assets may play a part in that. NFTs may also enter the picture, though Musk has shunned them in the past.
